Kentucky Reinvestment Act (KRA)

The Kentucky Reinvestment Act, or KRA, is a KEDFA incentive for existing Kentucky companies that are keeping capital in place and adding eligible equipment or related costs. It is a retention tool rather than an expansion lure, and it reaches manufacturing, agribusiness, non-retail services and technology, headquarters, hospitals, and energy-related operations that already have a Kentucky footprint. The program requires at least $2.5 million of investment for owned facilities and $1 million for leased facilities, excluding rent. Approved companies can apply the credit against corporation income tax or the Limited Liability Entity Tax for up to 10 years. KEDFA reviews the requests at its monthly last-Thursday meetings, and the Kentucky Department of Revenue processes the claim through Form 41A720-S35. KRA is best for operators that need to replace equipment, modernize a plant, or make a heavy reinvestment in an existing site. The strongest applications show that the project is tied to ongoing Kentucky employment and that the company is not simply moving activity elsewhere. It is a state retention instrument, so the commercial story has to be about keeping a facility competitive, protecting jobs, and sustaining operations over time.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.